HIVE ranks #14 in the weekly blockchain activity report with over 304,000 operations during a 24 hour period. EOS continues to be the most active blockchain with over 72,000,000 operations during a 24 hour period. XLM ranks number 2 with over 2,000,000 operations in 24 hours.
Many US companies are expected to spend an increasing amount of their yearly budgets on technology enabling the new work at home culture. As companies search for solutions to the new problems they encounter during the virus outbreak, we are likely to see many new investment opportunities.
Increased spending on services such as cloud storage and file sharing is expected during the next year. Both virtual desktop and conferencing software will also be in demand. We are seeing a build up of home based work at home environments that we have never seen before.
Watch for new companies that solve the many telework problems that almost every company is dealing with right now.
HIVE is currently ranking #13 in this week’s most active blockchain report. EOS remains the number one most active blockchain. Tron TRX is currently ranked number eleven. Steem is no longer in the top twenty.
As the market turns red, Steem is in the green. Once again, the price of Steem has gone up. In spite of all of the drama surrounding Steem and Steemit, the price of Steem is up today. Could it be that any press is good press? I know we have some new exchanges adding Steem which is a good sign and long overdue. I am also seeing more mentions on Twitter than ever before. Whether this is a good thing or a bad thing remains to be seen, but the market seems to like it.
As the drama of the Steemit acquisition by Justin Sun unfolds, your vote for Witnesses has received unprecedented attention. A few days ago the top witnesses were replaced as a result of the takeover. As of this morning I see that many of the top ten witnesses are once again familiar faces.
However this merger works out, it’s nice to see Steemians wake up and become active on Steemit again. We are seeing a Steemit passion that has not been seen for years.
I for one hope that we can all work together, Steem and Tron, and make Steemit a force in the cryptocurrency community. Am I dreaming? Yes, maybe, but I choose to remain positive about Steemit!
Both Steem and Tron remain in the top ten of most active blockchains. Tron (TRX) is currently ranked number five and Steem is ranked number six. EOS remains in the number one spot. Bitcoin is now ranked number 9.
You can see the market caps of the most active blockchains in the graph shown below.
German bank Von Der Heydt announces plan to tokenize securities using the Stellar Lumen blockchain. Von Der Heydt is one of the oldest banks in Germany. The XLM blockchain will reduce costs of trading by cutting out the middleman. The Munich based bank plans to limit the securities offer to institutional customers, but that may change in the future.
As of now, the price of XLM has not seemed to react to the news.
One of the biggest problems with attracting new users to cryptocurrency is demonstrating the “use factor” for the cryptocurrency. Everyone knows you can invest in any coin and hope for it to increase in value, but Steem holds an advantage in that the “use factor” is quite evident.
Steempress is a WordPress plugin that allows any blogger to monetize their site using the Steem blockchain. The plugin is brilliant in that it simplifies the entire blockchain experience. Every blogger using WordPress is familiar with the plugin system so that it one less thing to be explained. Every blogger is also struggling for an audience and monetization. The combination of Steempress and the Steem Blockchain provides both.
Steempress has also made some improvements to the plugin concerning SEO or search engine optimization. The plugin includes a delay posting feature which allows you to post on your site and set a delay for the post to be made on Steemit.
The WordPress community has millions of users. Attracting a small portion of those users to the Steempress plugin could be a natural advertisement for both Steemit and Steem. As the value of Steem increases, Steempress will become all the more valuable to bloggers.
I will be Tweeting about Steempress on Twitter in the hopes of reaching more WordPress bloggers.